Braspetro was a Brazilian state company. It was founded in 1972 as a subsidiary of

Petrobras Petróleo Brasileiro S.A., better known by the portmanteau Petrobras (), is a state owned enterprise, state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil. The company's name transla ...

to find and produce oil outside

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

. (As Petrobras had a monopoly over Brazilian oil production at the time, it was forbidden by law to operate internationally.) Its biggest discovery was

Majnoon Field The Majnoon Oil Field is a super-giant oil field located from Basra in southern Iraq. Majnoon is one of the richest oil fields in the world with an estimated 38 billion barrels of oil in place. The field was named ''Majnoon'' which means ''crazy ...

Iraq Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq ...

. Braspetro was incorporated by Petrobras and replaced by its international board, although it still formally exists as PIB BV - Petrobras International Braspetro B.V., a

Dutch Dutch commonly refers to: * Something of, from, or related to the Netherlands * Dutch people () * Dutch language () Dutch may also refer to: Places * Dutch, West Virginia, a community in the United States * Pennsylvania Dutch Country People E ...

holding company that controls Petrobras's participation in foreign countries and is 100% owned by Petrobras.

External links

Braspetro record

Petrobras Oil and gas companies of Brazil Transport companies established in 1972 Non-renewable resource companies established in 1972 Brazilian companies established in 1972 {{Brazil-company-stub